Netflix Chief Not Seeking a Buyer

By

Greg Bensinger

Nov. 16, 2012 3:40 p.m. ET

Netflix Inc. Chief Executive Reed Hastings said he isn't interested in seeking a buyer for the streaming-video and DVD-by-mail service, responding to investor Carl Icahn who said the company should be acquired by a larger firm.

"We think we can make it in the long term absolutely on our own—we've been doing that for 10 years," Mr. Hastings said Friday in New York, noting that Netflix has long been the subject of takeover...